₦airaland Forum

RabbiDoracle:
People are making money even if the market wants to fall.

Those who bouggt at August low must have cash out with over 60% gain in some stocks.

But what I do not understand is why can't the market fall if it wants to. It is not. Then rise well na and it is not rising well.

I want to believe that it's HOPE that's keeping the market from falling.

The hope that the bull is just around the corner. The hope that FPI's are on their way.

Any small kasala or panic, in my opinion will be catastrophic. Funds have already been sunk in. I doubt there will be buffer to hold it. UBA already dropped 20% from the high it touched, and the guy offloading ain't done yet.

These FPI need to come back, else we no go too enjoy this market.

Hey, just me playing the devil's side. That's my own belief and I could be very wrong.

RabbiDoracle:
This doesn't look like bull yet o. It rises for some weeks, it falls afterwards and alternates.

The market is not easy to make calls.

Trade safe. Stay on banks. If you are trapped in it, you will just be enjoying dividends. Buy price is key to enjoying a good DY.

You don dey reset small small.

"We go dey alright las las."

bigjay01:
im de read the running total, chai! ewoooo!

Him dey read am upside down. Simple addition for that matter. LOL.

Market hopefully will continue like this till next 2 weeks.

Slow and steady, we are headed back to re-entry point, for some stocks.

PETERiCHY:
Those clutter of 1.3m OFFERS @N8:65
Na dem

Chai, you don't even understand how to read the market orders.

Yahoo Mugu! LOL.

Mcy56:
They're not even talking about UACN there, its Access he was referring to.
UACN faithfuls right now.............

I know naaa. I say make I drag UACN faithfuls out and they all responded. LOL.

nna777:
Very true. new support @8. season of #7 is over. there would be a definite pullback so it's best to chill and buy when the pullback comes instead of buying with the momentum now.

UACN that will trade N7.60 by monday.

lancee:
Hopefully o ..paper profit down for now
I go soon change my strategy to 10 -15 % chopping

You guys shouldn't come and crowd this 10% - 15% space. Mbok.

RabbiDoracle:
This December there will be a bullish run . Just watch. But trade (and tread) carefully!

10-10 percent. Okwaya?

bigjay01:
Oya, another one from 1988

dead bones indeed rise again. This na after 20+yrs of 'hiatus'

Rak Unity is still trading.

bigjay01:
o boy, that one predates 2006-9 madness.

That certificate was from 1988

Wawu.

Just go and investigate properly. That company might be the parent company of Cutix, GTB and Seplat. Your indirect holdings might be worth billions by now.

bigjay01:
FPI?

what am i then?

You are part of them but you guys ain't coming en masse yet.

bigjay01:
Throwback Friday

Who was around this time?

You just want to open old wounds. Abi?

If I bring out my "insurance" company certificates. Those days of PP (Private Placement).

God has punished some brokers shaaa and he will still punish more. One name comes to mind.

Without the FPI coming back en masse, market might remain like this till 2023.....

OMO and Treasury bills money seems to have finished.

We keep watching.

bigjay01:
Definitely not on Morgan iTrade. After 2:19pm Chikena. Though one can still edit orders already entered before this time.

No Sir.

You can on Morgan, until 2.28pm.

OBAGADAFFI:
Why are you surprised?

UACN will continue to experience this volatility till.........


I remembered one of our friend here was sad for missing the FO bus.
Lo and behold, the same FO went on full offer somedays later.


The market is always open with opportunities.

Some days later abi the following day?

yom2:
me I don't even understand the whole movement again. Has trading hours been extended to 2:30pm? I thought all entries ends by 2:20pm according to the last NSE amendment? Am surprised to see the price changing while others are static

Market enters imbalance trading period from 2.20pm and you still get to put up buy/sell positions until 2.28pm.

Then the xgen system will match all qualifying orders and do closure by 2.30pm (that's when you see market activity pouring in like water). This is also the period MM decides on where they want prices to be.

I have also noticed that one doesn't have this option on all brokers platform. I might be wrong though.

mendes911:
With all due respect, UACN did full offer at N7.20, albeit for a short while.

6 millions unit available at N7.50. Where are those that "missed" the wonderful bus at N8, you can board now and collect 50kobo change.

With all due respect, UACN did full offer at N7.20, albeit for a short while.

Mpeace:
Non-interest income came in strongly during the quarter (+60.5% QoQ to N12.3 billion), largely bolstered by reversal of c.N4.8 billion relating to provisions for litigation deemed no longer necessary. Other components of fee income were relatively flat QoQ.

Adjusting for the impact of the N4.8 billion litigation-related reversal, which we believe is non-recurring, FCMB would have made a loss of c. N1.5 billion in Q3'19. This is concerning, in our view.https://www.proshareng.com/news/Stock---Analyst-Updates/FCMB-Group-Plc-9M-19---Earnings-Falter,-/48243

FCMB result is not good. But the "promoters" will not let it fall. Not without a fight .

You forgot to add with "All Due Respect".

Mpeace:
Lol. I had to read the post again to see where he was mentioned, but couldn't.
Now I know...

CurrentPrice basically reminded us all that a dead clock is right, twice daily.

Based on all these fights, I can only say that the bear is around. NSEMPA members never fights whenever the bull is around. Let me go and wear my helmet.

Cc: Oracle.

RabbiDoracle:
Read page 49.

The bank result was audited. The group result was not audited.

I think they wrote(to NSE) that they want to audit the bank result only.

Oracle, is the result released today audited? YES or NO.

rebekah2011:
Oga Loco, do not be in a haste to bail out of FCMB oooo. They have a very good MM .

#DevilsAdvocate!

What if they are broke?

Allow people to follow their mind though.

rebekah2011:
I am trying to find out the subsidiary of FCMB with this name. Anyone that knows should please help me.

With all due respect, ask their NN "marketers".

#Heels.....

pluto09:
Fcmb don show you something. I am surprised loco was trusting those guys again ....

Ride with FCMB result and probably get burnt, ride with FCMB MM and make money.

Access bank is another bank that has got a great MM. I hope their FY result be a bit disappointing and that will create an opportunity to ride with their MM that very day for a quick 10%!

pluto09:
The result is only good to be released on friday
A very disappointing one but I expect them to manage the price well, it is their way and they've got a very strong and active MM.

I trust their MM too.

But never say never. They might get overpowered.

But if they show their hand, I will party with them.

rebekah2011:
FCMB Q3 for the bank was audited. That is why I do not take First Bank unaudited results serious.

Unaudited sir. Very unaudited.

mendes911:
Liver don dey cut you already on top Zenith? LOL.

Zenith na real yeye stock. Whether it's trading at 11, 15, 25 or 30 naira, it has its own way of misbehaving.

Be weary of pumping more funds into FCMB, the result might already be priced in and might start a downward trajectory once the result is out.

That's my own take shaa. You are entitled to yours, as always.

Will this one start a downward tracjectory?

Well, Monday ain't far!

http://www.nse.com.ng/Financial_NewsDocs/28327_FIRST_CITY_MONUMENT_BANK_PLC._FINANCIAL_STATEMENTS_NOVEMBER_2019.pdf

Obene Kwa Kwa x10.

Is that a drop ayam seeing?

It is well, even in the well.

Where did 1B vanish to from Q2 to Q3.

The truth don dey come out small small shaaa.

Access Bank MM.

SHM.

A seller is hell bent on selling UBA and an equally willing buyer is bent on buying at N7.05.

We will see who wins by next week.

Mcy56:
Loco, try and buy some units back and just keep for long term, the long might not even be long afterall.
Eyes are on UACN now.

The man has sold, you guys should kuku let him be.

333 once sold his Flourmills at around #35 and he was almost crucified then by some members......